1-bedroom flat · EX8 1DA
Listing removedReduced £29.9k (−10%) on 21 JunListed 628 days
Opportunity summary
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About
Located in the sought after Marina Development and offering stunning views over 'Pirate Cove' and the mouth of the River Exe, this modern second floor, one bedroom studio apartment must be viewed to fully appreciate both the accommodation and the outlook it provides.
The property benefits from electric heating and double glazing.
The accommodation comprises an open plan living area with access to a southerly facing balcony, a modern kitchen area, a double bedroom area, and a contemporary fitted bathroom.
Additional features include lift access to all floors and an allocated parking space conveniently located immediately adjacent to the property.
Ideally positioned close to Exmouth's two mile stretch of golden sandy beach, as well as a variety of restaurants, bars, the Exe Estuary cycle path, the town centre, and the train station, this property is offered for sale with no onward chain.
The property can be purchased "as is" inclusive of all of the furnishings, fixtures and fittings (if required). Communal entrance with door security system with stairs and lift rising to all floors.
Landing where the entrance to apartment 16 can be found via part obscured glazed door, leading to: Second Floor Entrance Hall Concealed overhead electric meter and fuse box.
Airing cupboard with water cylinder and slatted shelving. Door giving access to: Bedroom Area - 10'4" (3.15m) x 12'6" (3.81m) Radiator. Inset ceiling lights.
Useful, good size built in storage cupboard with hanging rail and shelf over.
Open aspect to: Kitchen Area - 9'8" (2.95m) x 7'0" (2.13m) Range of floor standing and wall mounted modern fitted cupboard storage units with wood effect work surfaces and matching splash back above.
Built in two ring electric halogen hob with an electric oven below. Space for a fridge below work surface. Built in washer/dryer. Space and plumbing for a slim line dishwasher.
Inset stainless steel single bowl sink with mixer tap above. Built in microwave. Wood effect vinyl flooring. Wall mounted entry phone. Extractor fan. Heat detector. Coved ceiling.
Open to the living room and door leading to: Bathroom Fully tiled walls.
Modern fitted white suite comprising of a P shaped panel bath that has a thermostatically controlled shower above the bath with a rainfall shower head and a separate attachments and with a curved splash screen.
Low level, concealed WC. Vanity wash hand basin with storage cupboard below. Wall mounted medicine cabinet. Wall mounted mirror with a shaver light and socket above. Heated towel rail. Vinyl flooring.
Extractor fan. Inset ceiling lights.
Living / Dining Room - 14'10" (4.52m) x 11'8" (3.56m) A fantastic room that takes full advantage of the stunning views on offer with double opening French doors with windows to either side, leading out to a southerly facing balcony.
Radiator. Coved ceiling. Inset ceiling lights. Balcony An fantastic area to relax, unwind and take in the views over "Pirate Cove", Dawlish Warren Spit and the mouth of the Exe Estuary.
Glass Balustrades and courtesy lighting. Parking The property has the benefit of an allocated parking space which is located to the side of the apartment block. Tenure The property is leasehold.
The property is held on a 125 year lease from 2002. Service charge is £2,263.53 per annum. Ground Rent is £391 per annum. The building is managed by Crown Property Management.
Services Mains electric, water and drainage connected. Council tax band C. The property is on a water meter. Super fast broadband available.
Mortgage Assistance We are pleased to recommend Meredith Morgan Taylor, who would be pleased to help no matter which estate agent you finally buy through.
For a free initial chat please contact us on to arrange an appointment Your home may be repossessed if you do not keep up repayments on your mortgage Meredith Morgan Taylor Ltd is an appointed representative of The Openwork Partnership, a trading style of Openwork Ltd which is authorised and regulated by the Financial Conduct Authority (fca).
Agents Notes Please note, these are draft particulars and they are awaiting vendors verification.
The property can be purchased "as is" inclusive of all of the furnishings, fixtures and fittings (if required).
Directions From our prominent town centre office, turn right down Rolle Street and take a left hand turning at the round about. Take a left at the next roundabout and head along Imperial Road.
At the next roundabout, head straight across into Langerwere Way and take the 2nd left hand turning into Shelly Road.
Proceed along the road and continue to the end, where the property will be located on the left hand side and clearly identified by our for sale board.
What3words /// crouching.nasal.smarting Notice Please note we have not tested any apparatus, fixtures, fittings, or services.
Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 22 Madison Wharf, Shelly Road, Exmouth
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